GLOBALTEX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
GLOBALTEX
NACE 46.869, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€392,822
2024 · €494,854-€102,032
Equity
€3.0m
2024 · €3.0m+€2,822
Cash
€673,156
2024 · €1.2m-€556,777
Balance sheet total
€17.6m
2024 · €23.1m-€5.4m
Largest movements
Assets
- Receivables within one year -€4.8m
down €4.8m (-30.0%), from €16.2m to €11.3m
of which Trade receivables: -€4.9m
- Current investments +€577,630
up €577,630 (+28.9%), from €2.0m to €2.6m
- Cash -€556,777
down €556,777 (-45.3%), from €1.2m to €673,156
mainly Short-term financial debts (-€3.8m) and Trade debts (-€1.0m)
- Financial fixed assets -€472,000
down €472,000 (-50.8%), from €928,900 to €456,900
of which Other financial fixed assets: -€474,875
Equity and liabilities
- Short-term financial debts -€3.8m
down €3.8m (-23.0%), from €16.3m to €12.6m
- Trade debts -€1.0m
down €1.0m (-44.5%), from €2.3m to €1.3m
- Accrued charges and deferred income -€393,170
down €393,170 (-58.9%), from €667,347 to €274,177
Income statement
- Turnover -€7.9m
down €7.9m (-18.9%), from €42.0m to €34.0m
- Goods and materials -€7.1m
down €7.1m (-19.2%), from €37.1m to €30.0m
of which Purchases: -€7.0m
- Financial income +€2.0m
up €2.0m (+121%), from €1.6m to €3.6m
of which Financial income: +€2.0m
- Financial charges +€1.8m
up €1.8m (+65.3%), from €2.7m to €4.5m
of which Financial charges: +€1.8m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€494,854
Turnover
-€7.9m
Other operating income
-€117,465
Goods and materials
+€7.1m
Services and other goods
+€378,160
Staff costs
-€4,214
Depreciation
+€4,112
Write-downs
+€35,223
Other operating charges
+€64,211
Other operating items
+€89,725
Financial income
+€2.0m
Financial charges
-€1.8m
Taxes
+€33,830
Result 2025
€392,822
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.7m
Investment
-€108,012
Financing
-€4.2m
Cash 2024
€1.2m
From operations (derived)
+€3.7m
Net result for the year
+€392,822
Depreciation
+€9,583
Stocks and contracts
+€214,217
Receivables within one year
+€4.8m
Deferred charges and accrued income
-€80,873
Trade debts
-€1.0m
Tax, wage and social debts
-€100,307
Other debts
-€145,778
Accrued charges and deferred income
-€393,170
Investment (derived)
-€108,012
Investment in fixed assets (net)
+€469,618
Current investments
-€577,630
Financing
-€4.2m
Short-term financial debts
-€3.8m
Contributions, distributions and other
-€390,000
Cash 2025
€673,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,079,205 | €17,639,572 | -€5.4m | -23.6% |
| Fixed assets | 21/28 | €941,286 | €462,084 | -€479,202 | -50.9% |
| Tangible fixed assets | 22/27 | €12,386 | €5,184 | -€7,202 | -58.1% |
| Furniture and vehicles | 24 | €12,386 | €5,184 | -€7,202 | -58.1% |
| Financial fixed assets | 28 | €928,900 | €456,900 | -€472,000 | -50.8% |
| Companies linked by participating interests | 282/3 | €450,755 | €453,630 | +€2,875 | +0.6% |
| Participating interests | 282 | €1,855 | €1,855 | = | 0.0% |
| Amounts receivable | 283 | €448,900 | €451,775 | +€2,875 | +0.6% |
| Other financial fixed assets | 284/8 | €478,145 | €3,270 | -€474,875 | -99.3% |
| Shares | 284 | €474,875 | €0 | -€474,875 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €3,270 | €3,270 | = | 0.0% |
| Current assets | 29/58 | €22,137,919 | €17,177,487 | -€5.0m | -22.4% |
| Stocks and contracts in progress | 3 | €2,450,711 | €2,236,494 | -€214,217 | -8.7% |
| Stocks | 30/36 | €2,450,711 | €2,236,494 | -€214,217 | -8.7% |
| Goods purchased for resale | 34 | €2,450,711 | €2,236,494 | -€214,217 | -8.7% |
| Amounts receivable within one year | 40/41 | €16,178,334 | €11,330,393 | -€4.8m | -30.0% |
| Trade receivables | 40 | €14,668,920 | €9,790,568 | -€4.9m | -33.3% |
| Other amounts receivable | 41 | €1,509,413 | €1,539,825 | +€30,412 | +2.0% |
| Current investments | 50/53 | €1,999,172 | €2,576,802 | +€577,630 | +28.9% |
| Other investments | 51/53 | €1,999,172 | €2,576,802 | +€577,630 | +28.9% |
| Cash at bank and in hand | 54/58 | €1,229,933 | €673,156 | -€556,777 | -45.3% |
| Deferred charges and accrued income | 490/1 | €279,770 | €360,643 | +€80,873 | +28.9% |
| Total equity and liabilities | 10/49 | €23,079,205 | €17,639,572 | -€5.4m | -23.6% |
| Equity | 10/15 | €3,023,350 | €3,026,171 | +€2,822 | +0.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,973,350 | €2,976,171 | +€2,822 | +0.1% |
| Distributable reserves | 133 | €2,973,350 | €2,976,171 | +€2,822 | +0.1% |
| Amounts payable | 17/49 | €20,055,855 | €14,613,400 | -€5.4m | -27.1% |
| Amounts payable within one year | 42/48 | €19,388,508 | €14,339,224 | -€5.0m | -26.0% |
| Financial debts | 43 | €16,326,685 | €12,566,277 | -€3.8m | -23.0% |
| Credit institutions | 430/8 | €16,326,685 | €12,566,277 | -€3.8m | -23.0% |
| Trade debts | 44 | €2,345,979 | €1,303,188 | -€1.0m | -44.5% |
| Suppliers | 440/4 | €2,345,979 | €1,303,188 | -€1.0m | -44.5% |
| Taxes, remuneration and social security | 45 | €180,066 | €79,759 | -€100,307 | -55.7% |
| Taxes | 450/3 | €168,079 | €67,343 | -€100,736 | -59.9% |
| Remuneration and social security | 454/9 | €11,987 | €12,415 | +€428 | +3.6% |
| Other amounts payable | 47/48 | €535,778 | €390,000 | -€145,778 | -27.2% |
| Accrued charges and deferred income | 492/3 | €667,347 | €274,177 | -€393,170 | -58.9% |
| Operating income | 70/76A | €42,444,172 | €34,498,757 | -€7.9m | -18.7% |
| Turnover | 70 | €41,953,636 | €34,035,960 | -€7.9m | -18.9% |
| Other operating income | 74 | €490,536 | €373,072 | -€117,465 | -23.9% |
| Non-recurring operating income | 76A | - | €89,725 | +€89,725 | |
| Operating charges | 60/66A | €40,691,974 | €33,087,816 | -€7.6m | -18.7% |
| Goods for resale, raw materials and consumables | 60 | €37,103,678 | €29,977,012 | -€7.1m | -19.2% |
| Purchases | 600/8 | €36,854,463 | €29,850,161 | -€7.0m | -19.0% |
| Change in stocks: decrease (increase) | 609 | €249,215 | €126,851 | -€122,364 | -49.1% |
| Services and other goods | 61 | €2,911,848 | €2,533,688 | -€378,160 | -13.0% |
| Remuneration, social security and pensions | 62 | €107,641 | €111,855 | +€4,214 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,695 | €9,583 | -€4,112 | -30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,973 | -€19,250 | -€35,223 | |
| Other operating charges | 640/8 | €539,138 | €474,927 | -€64,211 | -11.9% |
| Operating profit (loss) | 9901 | €1,752,199 | €1,410,941 | -€341,257 | -19.5% |
| Financial income | 75/76B | €1,639,347 | €3,625,094 | +€2.0m | +121% |
| Recurring financial income | 75 | €1,639,347 | €3,625,094 | +€2.0m | +121% |
| Income from financial fixed assets | 750 | €114,055 | €83,480 | -€30,575 | -26.8% |
| Other financial income | 752/9 | €1,525,292 | €3,541,614 | +€2.0m | +132% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,727,748 | €4,508,100 | +€1.8m | +65.3% |
| Recurring financial charges | 65 | €2,705,819 | €4,508,100 | +€1.8m | +66.6% |
| Debt charges | 650 | €833,853 | €0 | -€833,853 | -100% |
| Other financial charges | 652/9 | €1,871,965 | €4,508,100 | +€2.6m | +141% |
| Non-recurring financial charges | 66B | €21,930 | €0 | -€21,930 | -100% |
| Profit (loss) for the period before taxes | 9903 | €663,797 | €527,935 | -€135,862 | -20.5% |
| Income taxes | 67/77 | €168,944 | €135,113 | -€33,830 | -20.0% |
| Taxes | 670/3 | €168,944 | €135,113 | -€33,830 | -20.0% |
| Profit (loss) for the period | 9904 | €494,854 | €392,822 | -€102,032 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €494,854 | €392,822 | -€102,032 | -20.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.